Modifies provisions relating to the auction of lands with delinquent property taxes
Impact
If enacted, the bill would alter how counties handle delinquent properties, particularly the controls on notifying the public about land auctions. By enabling electronic auctions alongside traditional methods, the bill seeks to widen the pool of potential bidders, thereby increasing competition and potentially raising more revenue to pay off unpaid taxes. The requirement that all auction notices include specific details such as total owed taxes will ensure that prospective buyers are fully informed before participating in the auction.
Summary
House Bill 2798 modifies existing laws regarding the auction of lands with delinquent property taxes in Missouri. The bill replaces sections 140.170 and 140.190 of the Revised Statutes of Missouri to streamline the process for counties to conduct public auctions of properties that have unpaid taxes. It specifies the requirements for publishing notifications in local newspapers about the upcoming sales and allows for the possibility of electronic auctions. This modernization aims to improve transparency and accessibility for potential bidders.
Contention
Notable discussions surrounding HB2798 focus on the implications of moving towards electronic auctions. Proponents argue that this method will make the auction process more efficient and accessible, especially to those who cannot attend in person. However, critics raise concerns that not everyone has equal access to technology, and this shift could disenfranchise certain groups of people. Additionally, the bill's regulations on how sales are conducted aim to ensure that only qualified bidders can participate, which some believe may inadvertently limit opportunities for small investors.